Solution-Compute the four liquidity ratios at the end of

Compute the four liquidity ratios at the end of the year

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Reference no: EM131804857

Question - Nordstrom Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 29, 2012, are as follows.

NORDSTROM, INC. Balance Sheet (partial)
(in millions)	End-of-Year	Beginning-of-Year
Cash and cash equivalents	$ 508	$ 381
Receivables (net)	653	708
Merchandise inventory	1,030	944
Prepaid expenses	76	69
Other current assets	645	576
Total current assets	$2,912	$2,678
Total current liabilities	$1,893	$1,473

For the year, net sales were $8,140, and cost of goods sold was $4,584 (in millions).

Compute the four liquidity ratios at the end of the year.

Using the data in the chapter, compare Nordstrom's liquidity with (1) that of J.C. Penney Company, and (2) the industry averages for department stores.

Reference no: EM131804857

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Compute the four liquidity ratios at the end of the year

Reference no: EM131804857

Reference no: EM131804857

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